| Document Date: 2014-07-25 03:16:53
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City Scrypt / / Company Amazon / GPU / Reddcoin / Twitter / Facebook / / Country United States / / Currency USD / / / Facility Store of Value Economists / / IndustryTerm finance ministry / electricity accounts / lower energy cost / energy consumption / printing press / always-online wallet / electricity cost / on-going energy cost / low-level network protocol / mining / little energy consumption / social networks / profitable miner / value-add services / paid service to cryptocurrency networks / technological products / above mining production cost / even mobile device / occasionally-online wallet / energy / / Organization ASIC / Australia Securities and Investments Commission / U.S. government / US Federal Reserve / Unit of Account Many / / Person Adam Smith / / Position profitable miner / Miner / / Technology cryptography / ASIC / 2 Technology / Public Key / peer-to-peer / PoS protocol / mobile device / low-level network protocol / / URL www.reddcoin.com / /
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Proof of Stake Velocity: Building the Social Currency of the Digital Age Larry Ren∗ www.reddcoin.com April 2014